Capital goods space slowing; need $100-110 million for FCCB payment: Sintex

Sunil Kanojia, Group President of Sintex Industries told NDTV Profit that high interest rates have led to slow momentum in capital goods space with the problems in Eurozone and France leading to slowdown in demand. He further added that margins have been impacted due to high other expenditure and they need to borrow $100-110 million for FCCB payment. "We are currently executing only those orders where payments are assured," he said.